2015-11-11T09:43:02-06:00 2015-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2014-07-01 251065148 GROVE CITY COLLEGE GROV 7244582000 100 CAMPUS DRIVE GROVE CITY PA 161272104 ROGER K TOWLE VP FOR FINANCIAL AFFAIRS 7244582000 2015-11-09 1 RICHARD E DYNOSKE P00095538 4123389300 2014 2016-02-25 16:41:14Z PAUL J MCNULTY 100 CAMPUS DRIVE GROVE CITY PA 16127 158527258 0 X WWW.GCC.EDU X 1876 PA A SCHOOL OF HIGHER EDUCATION 34 34 1957 100 470814 -579752 6637081 8465871 56957811 60423683 3877139 4611431 860514 965292 68332545 74466277 5709784 6620967 0 0 34475839 36195564 141200 108809 2219167 29302228 30062432 69629051 72987772 -1296506 1478505 306508390 302398110 35734353 32415867 270774037 269982243 SCHOOL OF HIGHER EDUCATION 0 0 29357055 6520026 39506572 ACADEMIC INSTRUCTION 5082675 100941 0 ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CARE 22965469 0 21257011 AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM 57405199 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 1 3284 0 1 1957 1 1 1 0 0 0 0 1 1 0 1 1 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CO KY ME MD MA MI NH NY OH OK OR SC WA X MICHELLE WILLIAMS 7244582214 100 CAMPUS DRIVE GROVE CITY PA 16127 ALICE MORRE BATCHELDER ESQ TRUSTEE 0.50 X 0 0 0 J KENNETH BLACKWELL TRUSTEE 0.50 X 0 0 0 ARTHUR J SCHWAB ESQ TRUSTEE 1.00 X 0 0 0 DAVID FORNEY TRUSTEE 0.50 X 0 0 0 C DALE REIS TRUSTEE 1.00 X 0 0 0 ALEJANDRO CHAFUEN TRUSTEE 0.50 X 0 0 0 CHARLOTTE A ZUSCHLAG TRUSTEE 1.00 X 0 0 0 DIANE ELLIS TRUSTEE 0.50 X 0 0 0 DAVID CASHDOLLAR TRUSTEE 0.50 X 0 0 0 DAVID PORTER ESQ TRUSTEE 1.00 X 0 0 0 DAVID R RATHBURN TRUSTEE 6.00 X 0 0 0 DAWN M OWENS TRUSTEE 0.50 X 0 0 0 THEODORE JOHNSON TRUSTEE 0.50 X 0 0 0 ALLISON BAIRD SVEDA TRUSTEE 0.50 X 0 0 0 EDWARD D BREEN TRUSTEE 0.50 X 0 0 0 HENRY W HOPEMAN TRUSTEE 1.00 X 0 0 0 JACK KOPNISKY TRUSTEE 1.00 X 0 0 0 JODY LYNNE MATHIE TRUSTEE 0.50 X 0 0 0 JOSEPH GUMMEL TRUSTEE 0.50 X 0 0 0 ROBB JONES TRUSTEE 1.00 X 0 0 0 MILTON W SHLAPAK TRUSTEE 0.50 X 0 0 0 PHILIP GASIEWICZ TRUSTEE 2.00 X 0 0 0 RONALD H MILLER TRUSTEE 1.00 X 0 0 0 SAMUEL G CASOLARI JR ESQ TRUSTEE 1.00 X 0 0 0 WILLIAM STEWART TRUSTEE 0.50 X 0 0 0 DAN SANDMAN TRUSTEE 0.50 X 0 0 0 COURTNEY BABCOCK BORNTRAEGER TRUSTEE 0.50 X 0 0 0 DEBORAH HOLT TRUSTEE 0.50 X 0 0 0 DOUGLAS MUETZEL TRUSTEE 0.50 X 0 0 0 RALEIGH PETERS TRUSTEE 0.50 X 0 0 0 WILLIAM A MEHAFFEY TRUSTEE 0.50 X 0 0 0 ANNE M MCCLELLAND TRUSTEE 0.50 X 0 0 0 SALLY B MCKELVEY TRUSTEE 0.50 X 0 0 0 KIRON K SKINNER PHD TRUSTEE 0.50 X 0 0 0 JEFF PROKOVICH VP FOR INSTITUTIONAL ADVAN 40.00 X 136751 0 18807 LARRY HARDESTY VP FOR STUDENT LIFE AND LE 40.00 X 105910 0 20562 PAUL J MCNULTY PRESIDENT 40.00 X 94691 0 19203 ROGER TOWLE VP FOR FINANCIAL AFFAIRS 40.00 X 174371 0 33304 VINCE DISTASI PHD VP AND CHIEF INFORMATION O 40.00 X 116311 0 52980 TIMOTHY R BONNER ESQ COUNSELOR 0.50 X 0 0 0 JOHN INMAN PHD VP FOR ENROLLMENT, REGISTRAR 40.00 X 109496 0 12854 ROBERT GRAHAM PHD VICE PRESIDENT AND PROVOST 40.00 X 163310 0 25519 JAMES LOPRESTI VICE PRESIDENT OF OPERATIONS 40.00 X 108597 0 20768 DAVID AYERS DEAN OF ARTS AND LETTERS 40.00 X 123491 0 37248 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING 40.00 X 144464 0 42298 MARK REUBER PROFESSOR AND FIELD DIRECTOR 40.00 X 119269 0 26287 PAUL KENGOR EXECUTIVE DIRECTOR CENTER FOR VISION & VALUES 40.00 X 118300 0 26388 MICHELLE MCFEATERS PROFESSOR & ASSISTANT DEAN OF ARTS 40.00 X 116607 0 18885 RICHARD JEWELL JD PRESIDENT, FORMER 40.00 X 369424 0 52766 WILLIAM ANDERSON PHD VICE PRESIDENT AND PROVOST, FORMER 40.00 X 102720 0 19942 2103712 0 427811 14 1 1 0 BON APPETIT MANAGEMENT COMPANY 2730 SAND HILL ROAD SUITE 100 MENLO PARK CA 94025 FOOD SERVICE MGMT 5689184 LANDAU BUILDING COMPANY 9855 RINAMAN ROAD WEXFORD PA 15090 CONSTRUCTION SERVICES 1197844 NORALCO CORP 1920 LINCOLN ROAD PITTSBURGH PA 15235 CONSTRUCTION SERVICES 567711 RENICK BROTHERS PO BOX 94 SLIPPERY ROCK PA 16057 CONSTRUCTION SERVICES 536178 ARROW ELECTRIC INC 857 REYNOLDS INDUSTRIAL PARK GREENVILLE PA 16125 CONSTRUCTION SERVICES 298198 20 8465871 785630 8465871 ACADEMIC TUITION/FEES 611600 39506572 39506572 ROOM AND BOARD FEES 611710 19709093 19709093 BOOKSTORE/FOUNTAIN SALE 611710 1208018 1180615 27403 60423683 1344433 1240922 103511 87327979 84060981 3266998 3266998 3266998 MISC INCOME 900099 625392 625392 SUMMER CONFERENCE/RENTALS 531390 339900 339900 965292 74466277 65529592 470814 0 100941 100941 6417076 6417076 102950 102950 1009436 872685 136751 27092914 20319090 5727406 1046418 3073794 2281545 667054 125195 3109324 2308061 674551 126712 1910096 1416316 416838 76942 74223 74223 128929 128929 108809 108809 483702 58401 412041 13260 1175345 27091 794402 353852 1430468 644087 717615 68766 125967 100827 25140 4162728 4032143 116142 14443 1189143 705019 375337 108787 332821 332821 9740290 9740290 174450 174450 CONTRACT BOARD FEES 4399279 4399279 EQUIPMENT, MAINTENANCE, 2465400 1782542 669972 12886 OTHER EXPENSES 2223702 839106 1358250 26346 BOOKSTORE MERCHANDISE 911916 911916 1044069 1044069 72987772 57405199 13363406 2219167 831318 749663 5241479 6838516 412022 312113 397928 388115 1666944 2163413 276991403 115688593 163331929 161302810 104651898 99145653 26699865 28272181 3275007 3225646 306508390 302398110 4793074 4041080 1627799 1876412 19397864 13266581 9915616 13231794 35734353 32415867 X 156273662 152116053 49571600 50531330 64928775 67334860 270774037 269982243 306508390 302398110 X 1478505 -2030017 -240282 X X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 110324817 2983778 -536489 -6520026 -1336768 104915312 97621160 2570571 19444729 5613618 3698025 110324817 89938734 3156276 11186333 5423024 1237159 97621160 99236080 1062728 -387756 5392942 4579376 89938734 87306229 3175859 14897065 5176851 966222 99236080 0.00030 0.99970 0.00000 1 0 2505212 2505212 232299147 90980711 141318436 40534355 24707882 15826473 1652689 1652689 161302810 SECURITIES 28272181 F 28272181 LINE OF CREDIT 5402739 ACCRUED PENSION COSTS 5999153 CAPITAL LEASE OBLIGATIONS 1829902 13231794 72195978 -2030017 -240282 -2270299 74466277 0 74466277 72987772 0 72987772 0 72987772 PART III, LINE 1A: THE COLLEGE HAS A COLLECTION OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS WHICH ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. THEY HAVE HISTORICALLY NOT BEEN DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. THE ESTIMATED FAIR MARKET VALUE OF COLLECTIONS WAS APPROXIMATELY $4,000,000 AT JUNE 30, 2015 AND 2014. PART III, LINE 4: THE COLLEGE HAS A COLLECTION OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS WHICH ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED FOR FINANCIAL STATEMENT PURPOSES. THE ESTIMATED FAIR MARKET VALUE OF COLLECTIONS WAS APPROXIMATELY $4,000,000 AT JUNE 30, 2015 AND 2014. PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENTS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. APPROXIMATELY 86% OF THE FUNDS ARE RESTRICTED FOR FINANCIAL AID PURPOSES, 10% FOR OPERATIONS, AND 4% FOR PHYSICAL PLANT. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST -1,168,282. CHANGE IN VALUE OF CHARITABLE TRUST 928,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENTS 0 EUROPE 0 3 PROGRAM SERVICES ACADEMIC INSTRUCTION 640919 SOUTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 55639 NORTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 398 CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 118901 EAST ASIA 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 793 EUROPE 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 2800 EAST ASIA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 3043 NORTH AMERICA 0 0 PROGRAM SERVICES FACULTY DEVELOPMENT 8421 0 3 0 0 0 3 830914 0 830914 SCHOLARSHIPS CENTRAL AMERICA 5 1375 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS EUROPE 44 88775 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS SOUTH AMERICA 3 9100 CREDIT ON ACCOUNT 0 N/A BOOK VALUE SCHOLARSHIPS SUB-SAHARAN AFRICA 1 3700 CREDIT ON ACCOUNT 0 N/A BOOK VALUE 0 0 0 0 0 0 FORM 990, PART IV, LINE 16 THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS AS A CREDIT TO THEIR STUDENT CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. X X X X X 1 CLEARWORD COMMUNICATIONS GROUP INC 12841 BRAEMER VILLAGE PLAZA 51 BRISTOW VA 20136 DIRECT MAILING 0 0 21093 0 MIND OVER MEDIA 2840 LIBERTY AVENUE STE 402 PITTSBURGH PA 15222 DIRECT MAILING 0 0 87716 0 108809 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 BOROUGH OF GROVE CITY PO BOX 110 GROVE CITY PA 16127 256000377 16666 CONTRIBUTION GROVE CITY YMCA 543 E MAIN ST EXT GROVE CITY PA 16127 250995782 501(C)(3) 33500 CONTRIBUTION GROVE CITY AREA UNITED WAY PO BOX 388 GROVE CITY PA 16127 251488637 501(C)(3) 20000 CONTRIBUTION GEORGE JUNIOR REPUBLIC 233 GEORGE JUNIOR RD GROVE CITY PA 16127 251536204 501(C)(3) 10000 CONTRIBUTION PRO ORGANIZATION INC THE GUTHRIE 800 SPRING STREET GROVE CITY PA 16127 260006015 15000 CONTRIBUTION LINDENPOINTE DEVELOPMENT CORP 3580 INNOVATION WAY HERMITAGE PA 16148 452425023 5775 0 CONTRIBUTION 3 3 SCHOLARSHIPS 1398 6417076 0 BOOK VALUE N/A PART I, LINE 2: ALL SCHOLARSHIPS ARE PROVIDED AS A CREDIT TO THE STUDENT TO COVER CHARGES OF TUITION, ROOM AND BOARD, AND OTHER FEES RELATED TO THE COST OF ATTENDANCE. X X X X 1 1 X X X X 0 0 0 0 0 1 0 0 0 JEFF PROKOVICH VP FOR INSTITUTIONAL ADVAN 136751 0 0 0 0 0 10908 0 7899 0 155558 0 0 0 ROGER TOWLE VP FOR FINANCIAL AFFAIRS 174371 0 0 0 0 0 22768 0 10536 0 207675 0 0 0 VINCE DISTASI PHD VP AND CHIEF INFORMATION O 116311 0 0 0 0 0 8993 0 43987 0 169291 0 0 0 ROBERT GRAHAM PHD VICE PRESIDENT AND PROVOST 163310 0 0 0 0 0 10044 0 15475 0 188829 0 0 0 DAVID AYERS DEAN OF ARTS AND LETTERS 123491 0 0 0 0 0 9536 0 27712 0 160739 0 0 0 STACY BIRMINGHAM DEAN AND CHAIR ENGINEERING 144464 0 0 0 0 0 11505 0 30793 0 186762 0 0 0 RICHARD JEWELL JD PRESIDENT, FORMER 305174 0 64250 0 0 0 17900 0 34866 0 422190 0 0 0 WILLIAM ANDERSON PHD VICE PRESIDENT AND PROVOST, FORMER 102720 0 0 0 0 0 8484 0 11458 0 122662 0 0 0 PART I, LINE 6 THE PRESIDENTS' BONUS IS DETERMINED EACH YEAR BY CRITERIA SET FORTH BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INCLUDING SUBJECTS SUCH AS: FUNDRAISING, FINANCIAL PERFORMANCE RELATED TO THE COLLEGE'S OPERATING BUDGET, STRATEGIC PLANNING OUTCOMES, AND ACADEMIC ACCREDITATIONS. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 5%. IN 2014, THE PRESIDENT WAS AWARDED A ONE-TIME, ADDITIONAL BONUS AS AUTHORIZED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. VINCENT DISTASI OFFICER 35256 TUITION EXCHANGE TUITION ASSISTANCE JAMES LOPRESTI OFFICER 3888 TUITION GRANT TUITION ASSISTANCE JEFF PROKOVICH OFFICER 7775 TUITION GRANT TUITION ASSISTANCE ROBERT GRAHAM OFFICER 6768 TUITION GRANT TUITION ASSISTANCE KATHRYN ANDERSON SPOUSE OF FORMER VP 13200 REPORTABLE INCOME 0 JANICE INMAN SPOUSE OF OFFICER 47443 REPORTABLE INCOME 0 X 60 702714 HIGH/LOW AVERAGE X 357 0 X TRAVEL EXPENSES 19 39642 TRAVEL REPORT/RECEIP X MUSICAL INSTRUMENTS 2 18500 PRIVATE APPRAISAL X EVENT EXPENSES 2 16574 RECEIPTS X EQUIPMENT 9 8200 INVOICE 2 0 1 1 PART I, LINE 32B: UBS RECEIVES AND SELLS STOCK PART I, LINE 33: SCHEDULE M LINE 18 - THE COLLEGE RECEIVED MULTIPLE COLLECTIBLE ITEMS SUCH AS LETTERMAN JACKETS, SORORITY/FRATERNITY MEMORABILIA, SPORTS UNIFORMS, ETC. RELATING TO THE HISTORY OF THE COLLEGE FORM 990, PART VI, SECTION B, LINE 11 THE FORMS 990 AND 99O-T ARE PREPARED BY THE FINANCIAL SERVICES DEPARTMENT, REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCIAL AFFAIRS AS WELL AS THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. UPON THEIR APPROVALS, THE FORMS ARE PROVIDED TO THE ENTIRE BOARD OF TRUSTEES AND THEN REVIEWED AND FILED ELECTRONICALLY WITH THE IRS BY THE COLLEGE'S INDEPENDENT AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S OFFICERS AND TRUSTEES MUST SUBMIT A QUESTIONNAIRE EACH YEAR BY AUGUST 31ST TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES REGARDING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT FOR FINANCIAL AFFAIRS PROVIDES THE PRESIDENT OF THE COLLEGE WITH A LIST OF CURRENT COMPENSATION FOR ALL OFFICERS AND THE MEDIAN SALARY OF SIMILAR POSITIONS FROM THE CHRONICLE OF HIGHER EDUCATION AS WELL AS OTHER COMPENSATION SURVEY INFORMATION FOR COMPARABLE COLLEGES AND UNIVERSITIES. THE PRESIDENT THEN REVIEWS THIS INFORMATION AND MAKES COMPENSATION RECOMMENDATIONS FOR THE SEVEN VICE PRESIDENTS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S RECOMMENDATIONS AND DETERMINES THE COMPENSATION FOR THE ENSUING YEAR FOR EACH VICE PRESIDENT AND REPORTS THEIR DECISION TO THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS REVIEWED WITH THE SAME COMPARABLE SURVEY INFORMATION, DETERMINED, AND APPROVED BY THE EXECUTIVE COMMITTEE AND THEN REVIEWED WITH AND APPROVED BY THE FULL BOARD OF TRUSTEES. THE APPROVAL OF SUCH COMPENSATION IS DOCUMENTED IN BOTH THE MINUTES OF THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THIS PROCESS IS UNDERTAKEN ANNUALLY FOR THE FOLLOWING POSITIONS (LAST UNDERTAKEN IN MAY 2015): PRESIDENT VICE PRESIDENT FOR ACADEMIC AFFAIRS AND PROVOST VICE PRESIDENT AND CHIEF INFORMATION OFFICER VICE PRESIDENT FOR OPERATIONS VICE PRESIDENT FOR STUDENT LIFE AND LEARNING VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT VICE PRESIDENT FOR FINANCIAL AFFAIRS VICE PRESIDENT FOR ENROLLMENT AND REGISTRAR FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT PUBLICLY DISTRIBUTED BUT ARE AVAILABLE UPON REQUEST. THE SUMMARY FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE COLLEGE'S ANNUAL REPORT. THE COLLEGE MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED UNDER THE PUBLIC DISCLOSURE LAW. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST -1,168,282. CHANGE IN VALUE OF CHARITABLE TRUST 928,000. FORM 990, PART XII, LINE 2C: THERE WERE NO SIGNIFICANT CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.